Bit90x Review: 90 day bitcoin doubler (200% ROI)
Bit90x provide no information on their website about who owns or runs the business.
The Bit90x website domain (“bit90x.com”) was privately registered on April 17th, 2017.
At the time of publication, Alexa estimate that 74% of traffic to the Bit90x website originates out of the US. India is the second largest source of traffic, coming in at 15%.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Bit90x has no retailable products or services, with affiliates only able to market Bit90x affiliate membership itself.
The Bit90x Compensation Plan
Bit90x affiliates invest bitcoin on the promise of a 200% ROI in 90 days.
- Hash-1 – 0.07 BTC
- Hash-2 – 0.1 BTC
- Hash-3 – 0.3 BTC
- Hash-4 – 0.5 BTC
- Hash-5 – 1 BTC
- Hash-6 – 2 BTC
- Hash-7 – 4 BTC
- Hash-8 – 7 BTC
- HashTrade – 10 BTC
- Hash-PowerX – 30 BTC
Bit90x pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day Bit90x tally up new downline investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds generated on their weaker binary side, based on how much they themselves have invested.
- Hash-1 affiliates earn a 5% residual binary commission
- Hash-2 affiliates earn a 6% residual binary commission
- Hash-3 affiliates earn a 7% residual binary commission
- Hash-4 affiliates earn a 9% residual binary commission
- Hash-5 affiliates earn a 11% residual binary commission
- Hash-6 affiliates earn a 13% residual binary commission
- Hash-7 and HashTrade affiliates earn a 16% residual binary commission
- Hash-PowerX affiliates earn a 20% residual binary commission
Bit90x affiliate membership is free, however affiliates must invest 0.07 BTC to 30 BTC to participate in the attached MLM income opportunity.
Bit90x’s marketing pitch sees the company promise to ‘duplicate your bitcoins in 90 days‘.
The company attributes this to cryptocurrency trading:
Our team trade different cryptocurrency such as BTC, ETH, ETC, DASH, LITECOIN, RIPPLE and many other altcoin and 90% of the time they always make a profit.
As is typical with bitcoin doubler schemes, Bit90x provide no evidence of any cryptocurrency trading taking place.
This leaves affiliate investment the only verifiable source of revenue, the use of which to pay affiliate investors a 200% ROI every 90 days a Ponzi scheme.
The math behind a bitcoin doubler sees the company run out of funds (100% ROI threshold on the majority of initial investments) about halfway through the ROI maturity period.
The doubler can prolong itself if it manages to convince affiliates monopoly money in their backoffice is real money. But if withdrawals are being made then once that 100% ROI majority threshold is passed, the doubler collapses.
The more unscrupulous admins who run these scams cut and run well before the 100% ROI threshold is reached.
Which of these two outcomes will see the majority of Bit90x affiliates lose money is yet to be seen.